Hi Latroy, it is really important that you do your due diligence which is a title search to check for liens and encumbrances.

Check the blog below as I recently wrote a blog post about it.

Did you check to see if there are 3 rental licenses?

Where is the highest paying customer?

I also recommend checking out the Hollister market.

Please check your inbox to connect.

Make sure you check out the official website: https://miami.mercedesbenzplaces.com/ - the website you posted is by a broker who wants to represent you.

At the time of lease signing they would give a check (usually like a cashier's check) for 1 full month's rent ($1000 in your example) and then the pro-rated amount would be due on the first of the month with every succeeding month being the full rent.For my own investing I usually look at it on a case-by-case basis.

Have you checked his business credit? 

We spent 10 years and then sailed away on a sailboat paid for with tax free dollars, 3 waterfront vacation rentals paying for the sailing, and a custom built dock in the back of one for when we were in town.